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61 Lenox Ave
New York, NY 10026 Central Harlem

$637,000 USD

Apartments Condo For Sale  •  1,440 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,795 SF
  • Lot Size 0.12 AC
  • Building Class C
  • Year Built 1900
  • Zoning R7-2
100 Transit Score
96 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit Retail Retail 1,440 SF $637,000 USD
  • Unit Size: 1,440 SF
  • Condo Use: Retail
  • Price: $637,000 USD
  • Sale Type: Investment
  • Price/SF: $442.36 USD
Description
The subject offering is a 1,430-square-foot retail condominium located on the corner of Lenox Avenue and W. 113th Street in Upper Manhattan’s Harlem
neighborhood. The unit has a total square footage of 2,757 SF, with 1,430 SF at grade and an additional 1,327-square-foot lower level. The unit is built 50 x 29,
with fifty feet of retail frontage along Lenox Avenue.

The offering is leased to Dry Clean NYC on a ten-year lease that runs through January 2032. The tenant has 3% annual increases and reimburses for real estate taxes above the base year (2022/2023). There are no options to renew. Dry Clean NYC operates five locations between Manhattan and the Bronx. This is a dropoff only site; no actual dry cleaning is performed on the premises.

Sale Notes
This unit has no use restrictions, and venting is permitted. The offering occupies the ground floor of the Parc Vues, a five-story, 15-unit pre-war building that was
converted to condominiums in 2006.

This is an opportunity to acquire a corner, 100% occupied retail asset with below-market rent and no use restrictions. The property is three blocks from Central Park and three blocks from the 110th Street Train Station (2 and 3 Trains). Thousands of housing units are located within just a few blocks.

Highlights

Corner retail condominium on Lenox Avenue and W. 113th Street, just three blocks from Central Park and the 110th Street (2 & 3 trains) subway station.
100% occupied by Dry Clean NYC under a 10-year lease through January 2032, with 3% annual increases and tax reimbursements.
No use restrictions and venting permitted, offering strong adaptability for future tenants
Dense residential base with thousands of housing units within a few blocks, driving consistent foot traffic and customer base.

Amenities

  • Heating
  • Vintage Building
  • Kitchen
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Harlem-125Th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 4 min 18 min 1.0 mi
Yankees-E 153Rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 7 min - 2.8 mi
Transit/SubwayDriveWalkDistance
Central Park North (110 Street) (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 2 min 0.1 mi
116 Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
116 Street (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 1 min 8 min 0.4 mi
Cathedral Parkway (110 Street) (A,B,C Line) (A - New York MTA Subway (The Subway), B - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
116 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 12 min 0.6 mi
AirportDriveWalkDistance
LaGuardia 16 min - 7.1 mi
John F Kennedy International 29 min - 18.3 mi
Newark Liberty International 30 min - 18.6 mi
Scott Plasky 917-539-0402 Marcus & Millichap
Scott Plasky 917-539-0402 Marcus & Millichap